Twitter Turns First Profit, but Problems Remain

This April 26, 2017, file photo shows the Twitter app on a mobile phone in Philadelphia. Photo: AP/Matt Rourke, File
This April 26, 2017, file photo shows the Twitter app on a mobile phone in Philadelphia.

February 08, 2018 06:57 AM

Twitter says it had its first quarterly profit in history and returned to revenue growth in the fourth quarter.

Its stock increased in pre-market trading Thursday.

Advertisement

Though the results beat Wall Street's cautious expectations, they don't solve the company's broader problems.

It's been dealing with abuse, fake accounts and attempts by Russian agents to spread misinformation. The troubles have been compounded by stagnant user growth.

And with a prominent executive leaving shortly, and the CEO splitting its time with another company, Twitter's now facing questions about just who is minding the store.

Twitter has said it's dealing with the problems. The company has introduced a slew of new measures to weed out abusive accounts. Still, critics say the company is playing whack-a-mole with its problems, with often inadequate responses.

Credits

The Associated Press

(Copyright 2018 by The Associated Press. All Rights Reserved.)

Advertisement

Charges: Arkansas Man Choked, Burned Body of Edina Woman

Trump Administration Pulls US Out of UN Human Rights Council

Officials Concerned about Additional Flooding after Northern Wis. Dam Fails

Woman in Ham Lake Crash Wearing 'Alcohol You Later' Shirt Charged with DWI

Semi Crashes into Median on I-35W in Richfield, Crews Clearing Road

27 New Foods to Try at the Minnesota State Fair

Advertisement